New Gold Provided Three-year Operational Outlook: Consolidated Gold Production Is Expected To Increase By Around 35% From 2023 To 410,000 To 460,000 Ounces In 2026
Portfolio Pulse from Benzinga Newsdesk
New Gold Inc. (NGD) forecasts a 35% increase in consolidated gold production to 410,000-460,000 ounces by 2026, with all-in sustaining costs expected to drop over 50% to $650-$750 per ounce. This improvement is attributed to higher production, significant capital reduction, and lower operating costs due to operational enhancements at its facilities. The company anticipates these changes will significantly boost its free cash flow over the next three years.
February 08, 2024 | 11:40 am
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New Gold Inc. (NGD) expects a substantial increase in gold production and a significant decrease in all-in sustaining costs by 2026, which is likely to enhance its financial performance and free cash flow.
The projected increase in gold production and decrease in sustaining costs directly impact NGD's financial health and operational efficiency. These improvements are expected to significantly boost the company's profitability and attractiveness to investors, likely leading to a positive short-term impact on its stock price.
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